Prospective Deficits and the Asian Currency Crisis is popular PDF and ePub book, written by Craig Burnside in 1999, it is a fantastic choice for those who relish reading online the Bank failures genre. Let's immerse ourselves in this engaging Bank failures book by exploring the summary and details provided below. Remember, Prospective Deficits and the Asian Currency Crisis can be Read Online from any device for your convenience.
Prospective Deficits and the Asian Currency Crisis Book PDF Summary
The recent Asian currency crisis was caused by large prospective fiscal deficits associated with implicit bailout guarantees to failing banking systems. Absent the political will to raise taxes or cut spending, governments must resort to seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency crisis inevitable.
Detail Book of Prospective Deficits and the Asian Currency Crisis PDF
- Author : Craig Burnside
- Release : 21 September 1999
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Bank failures
- Total Page : 56 pages
- Language : English
- PDF File Size : 15,6 Mb
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